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Jane supports herself at university by working in a bookstore earning $300 a month, which she spends entirely every month. If she gets a salary increase of $100 a month, she spends $90 more dollars on consumption expenditure. Jane's MPC is equal to
Promised
A declaration or assurance that one will do a particular thing or that guarantees a certain outcome or condition.
Assignee
A person or entity to whom rights or interests are transferred by another, the assignor.
Assigned Rights
Rights that are transferred from one party to another, often in the context of contracts.
Creditor Beneficiary
A third party that benefits from a contract between two other parties, where the promisor agrees to pay a debt that the promisee owes to the third party.
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